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Nov 2, 2012
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business and tech reporter scott mcgrew will be along with more details on that report as well as breaking it down with an in-depth analysis at 6:30. >>> happening now, chp officers joining forces with local police to patrol the streets of oakland. this as the city's police department is dealing with increasing violence and a possible federal takeover. christie smith joins us live in oakland with more on how the joint patrols will actually work. good morning, christie. >> reporter: good morning to you, jon and laura. you know this really got moving when a pastor here in oakland told governor jerry brown at a service here in oakland, hey, we really need some help on the streets. the governor made the commitment. oakland police have teamed up with the chp before, but they're doing it again, going to hit high-crime areas. this really comes at a time when the city of oakland could use some help. oakland is dealing with a 20% rise in major crimes this year and they have only got about 620 to 640 police officers on the streets right now. four years ago the total number of sworn officers was clos
business and tech reporter scott mcgrew will be along with more details on that report as well as breaking it down with an in-depth analysis at 6:30. >>> happening now, chp officers joining forces with local police to patrol the streets of oakland. this as the city's police department is dealing with increasing violence and a possible federal takeover. christie smith joins us live in oakland with more on how the joint patrols will actually work. good morning, christie. >>...
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Nov 2, 2012
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scott mcgrew in the newsroom with the details. just coming out. >> not bad. 171,000 jobs were added in the month of october. that's a pretty solid number. it's not great, but it's certainly more than we need to cover all the 18-year-olds that joined the labor force. i've sat in this chair every month and told you it's the total number of jobs that really matters. the unemployment rate rises to 7.9%. in september it was 7.8%. so there is a 0.1 of 1%in cro i in the unemployment rate. this is solidly decent news. i have said in the past the unemployment rate, particular low when it moves just a tenth of a percentage point is not worth paying attention to. th the 171. is it great? no. is it better than we expected? yes, it is. >> and is it going to be blown up, so to speak? the lk is just four days away. good numbers for obama? >> yes, they are, except if i were on the other side of this, what i would play up is the tick up in the unemployment rate, which is what the romney campaign bill do. >> you can spin it both ways and they will.
scott mcgrew in the newsroom with the details. just coming out. >> not bad. 171,000 jobs were added in the month of october. that's a pretty solid number. it's not great, but it's certainly more than we need to cover all the 18-year-olds that joined the labor force. i've sat in this chair every month and told you it's the total number of jobs that really matters. the unemployment rate rises to 7.9%. in september it was 7.8%. so there is a 0.1 of 1%in cro i in the unemployment rate. this...
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Nov 9, 2012
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. >> scott mcgrew, they were paid to help design the game? >> yeah. i'll tell you right now that is not unusual. i have met with video game designers for almost 20 years now. at those meetings you often also meet with military consultants who help them. in fact the army has its own video game designed by the army. the problem with this new video game, medal of honor war fighter, is that the consultants were s.e.a.l.s, the navy's special forces, and their operations are supposed to be far more secret. the defense department has told news agencies several members of that team, including one member who participated in the killing of osama bin laden have been officially reprimanded for revealing secrets to electronic arts. now, in the military a simple letter of reprimand is a career killer. secrets is relative, though. explaining how a s.e.a.l. team works is prohibited. ea not in trouble this morning. to be fair, the military has been participating in a lot of hollywood-style projects lately, including, you may recall, allowing active special forces memb
. >> scott mcgrew, they were paid to help design the game? >> yeah. i'll tell you right now that is not unusual. i have met with video game designers for almost 20 years now. at those meetings you often also meet with military consultants who help them. in fact the army has its own video game designed by the army. the problem with this new video game, medal of honor war fighter, is that the consultants were s.e.a.l.s, the navy's special forces, and their operations are supposed to...
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Nov 15, 2012
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scott mcgrew will have more coming up. what are you doing there? i am making crescent bacon cheddar pinwheels. wow, i'm impressed! [ ding ] dad, the cable's out! you got that right? [ kiss ] thank you ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >>> a mangled mess after a chaotic chase and crash in san francisco. what we're learning about the driver and bicyclist who was hit just ahead. >>> a lot of questions on wall street to see how things are going to happen on the markets with some up rest not only here in the united states on capitol hill, but also worldwide. we ring in that opening bell. thank you very much, ladies and gentlemen, hitting that on time for us there on this thursday, november 15th. this is "today in the bay." >>> there's a ream of evidence. >> she should have known what the situation circumstances were. >> she has
scott mcgrew will have more coming up. what are you doing there? i am making crescent bacon cheddar pinwheels. wow, i'm impressed! [ ding ] dad, the cable's out! you got that right? [ kiss ] thank you ♪ [ male announcer ] pillsbury crescents. let the making begin. here's a better idea. pillsbury grands! flaky layers biscuits in just 15 minutes the light delicate layers add a layer of warmth to your next dinner. pillsbury grands biscuits let the making begin. >>> a mangled mess after...
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Nov 20, 2012
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business and tech reporter scott mcgrew is live in the newsroom. scott, crazy details here. >> i've never seening in like this. hp brought a british company called autonomy last year. most of us thought hp overpaid, that it was a bad decision from the get-go. but this morning as part of its routine quarterly financial reports, hewlett-packard claims it's been fooled by ataun mutond the books were cooked. those are my words. their words, there were failures and outright misrepresentations. hp paid $11 billion for the company. while the $9 billion that they're talking about in losses isn't the same as burglars making off with bags of money, it's a paper charge. it's still shocking. hp's stock, which was at a terrible low, is now down 13% just in the last, what, 30 seconds or so. and, laura, that was already a stock that had sunk to almost all-time lows. we will continue to watch this throughout the morning and honestly for months to come. >> no doubt, no doubt. we'll see where we go from here. thank you very much. >>> also following some breaking new
business and tech reporter scott mcgrew is live in the newsroom. scott, crazy details here. >> i've never seening in like this. hp brought a british company called autonomy last year. most of us thought hp overpaid, that it was a bad decision from the get-go. but this morning as part of its routine quarterly financial reports, hewlett-packard claims it's been fooled by ataun mutond the books were cooked. those are my words. their words, there were failures and outright misrepresentations....
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Nov 6, 2012
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scott mcgrew says the wait and see pays off. >> good morning. it is because many investors concluded with a will happen today. historically, markets don't react strongly even after an election regardless of which candidate wins. business does better under republican, but history says the markets do better when the democrat is in office. now, note i didn't say because a democrat was in office. it is not necessarily cause and effect, but bull markets and democratic presidents line up. netflix has mixed up a poison pill. a way of discouraging a hostile takeover. we assume in an attempt to cause a huge shake up. new rules established last night by the netflix board says if any one person buys a full 10%, special rules take effect creating more netflix stock. the company can create whole shares as often as it wishes. they don't do that because it dilutes the shares and makes them worthless. if someone is buying up your company, you can make more shares for more company for him to buy and make it more difficult to him to takeover. that is a poison pil
scott mcgrew says the wait and see pays off. >> good morning. it is because many investors concluded with a will happen today. historically, markets don't react strongly even after an election regardless of which candidate wins. business does better under republican, but history says the markets do better when the democrat is in office. now, note i didn't say because a democrat was in office. it is not necessarily cause and effect, but bull markets and democratic presidents line up....
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Nov 16, 2012
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scott mcgrew is going to be there too. really we'd love to see you and love for people to make a donation. thanks, bob. >> great day out there. smooth music. nice jazz to start your day. 5:47 right now. we're keeping it cool, but it's going to get a little wet and rainy for us as well. >> yeah. you know what, if you want to come out as laura and jon pointed out, i'm going to be with scott mcgrew and marla tellez, that's a party in itself. we're helping people in need right here in the community. basically it's an equation for greatness, so we'd love to see you out there. 5:48, taking a live look. showers creeping up from south to north. you can see what's barreling towards san jose now. you've got this moderate, even heavy rainfall embedded within the green. that's light to moderate rainfall. the next couple of hours it's going to start to get a little more active but we're not expecting the bulk to come through until later on tonight. we've got a really strong storm system creeping up from the south. and it's also already
scott mcgrew is going to be there too. really we'd love to see you and love for people to make a donation. thanks, bob. >> great day out there. smooth music. nice jazz to start your day. 5:47 right now. we're keeping it cool, but it's going to get a little wet and rainy for us as well. >> yeah. you know what, if you want to come out as laura and jon pointed out, i'm going to be with scott mcgrew and marla tellez, that's a party in itself. we're helping people in need right here in...
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Nov 4, 2012
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i'm scott mcgrew. a neat little american success story for you. a young couple graduates from the university of wisconsin. they create an app for facebook, get millions of users, and start a company. just one problem. the problem is they were here on a student visa. anand and shika shapar were unable to get permanent residency in the united states. so the couple and their business went back to india, where the company operates today. >> we found 52% of the start-ups in silicon valley were founded by people like me. >> vavek vadwad has sounded the alarm on this brain drain. foreign-born entrepreneurs leaving he says subtracting jobs and tax revenue from our economy. the value of foreign-born entrepreneurs is well known in silicon valley. sun microsystems was started by an indian immigrant, intel by a hungarian, ebay a frenchman, google a russian. tesla motors and spacex by a south african. the u.s. government itself has named vavek vadwad as one of the most outstanding americans. the actual title, outstanding american by choice. he was born in indi
i'm scott mcgrew. a neat little american success story for you. a young couple graduates from the university of wisconsin. they create an app for facebook, get millions of users, and start a company. just one problem. the problem is they were here on a student visa. anand and shika shapar were unable to get permanent residency in the united states. so the couple and their business went back to india, where the company operates today. >> we found 52% of the start-ups in silicon valley were...
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Nov 9, 2012
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scott mcgrew joins us with the details on this one. >> good morning. the accusation is active members of the navy's special forces were paid to help ea develop a new video game called medal of honor war fighter. now having soldiers, even active duty soldiers consult on video games is actually not unusual. but the defense department has told news agencies several members of the elite s.e.a.l. team, including one member who participated in the killing of osama bin laden, have been officially reprimanded for revealing secrets to the video game maker. in the military a simple letter of reprimand is basically a career killer. secrets is relative. just explaining how a s.e.a.l. team works is prohibited. ea is not itself in trouble and to be completely fair, the military has been participating in a lot of hollywood-style projects lately, including an active special forces movie in which the actual stars in that movie were real soldiers. >>> other news, corporate raider carl icahn talked with cnbc about netflix. he said he might subject the company to an unfri
scott mcgrew joins us with the details on this one. >> good morning. the accusation is active members of the navy's special forces were paid to help ea develop a new video game called medal of honor war fighter. now having soldiers, even active duty soldiers consult on video games is actually not unusual. but the defense department has told news agencies several members of the elite s.e.a.l. team, including one member who participated in the killing of osama bin laden, have been...
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Nov 16, 2012
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scott mcgrew, another successful ipo. >> that's right. it's a company that puts those wireless wi-fi transmitters in places like airports and city parks, easing demand for data on phone networks. now, the company priced its shares at $15 last night. it will start trading on the new york stock exchange this morning. the ceo ink magazine once called selena lowe a tyrant. her management style stomach curdling. a few years ago i asked her about her very strange reputation. >> i'm an expressive person and sometimes, you know, some people think that that's too direct, i guess. >> lowe got the message, totally changed the way she interacts with people. she's actually very pleasant, if driven, ceo of a very successful company. i'll update you as they start trading this morning. tune in tonight at 6:00 as well because scott budman will take you behind the scenes as employees wait for the first trade this morning. >>> goodbye apple maps. the wall street journal reports going el is this close to releasing a new google map for iphone. yes, it will ha
scott mcgrew, another successful ipo. >> that's right. it's a company that puts those wireless wi-fi transmitters in places like airports and city parks, easing demand for data on phone networks. now, the company priced its shares at $15 last night. it will start trading on the new york stock exchange this morning. the ceo ink magazine once called selena lowe a tyrant. her management style stomach curdling. a few years ago i asked her about her very strange reputation. >> i'm an...
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Nov 26, 2012
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scott mcgrew, quite the fad. >> reporter: it is a fad. it's a fad that will probably die out as quickly as it started. thousands of people are cutting and pasting legal notices in their facebook status declaring a copyright on their pictures and other things they post to facebook, saying facebook can't copy them or disseminate them. now, while the notification sounds official, it doesn't work for two reasons. first, when you sign up for facebook, you agree to certain terms of service. you don't get to change those all on your own. second, facebook copies and distributes your photographs and whatnot because that's how facebook works. if you don't want your photographs distributed to your friends, you probably shouldn't upload them to facebook. >>> as for the markets, facebook is up about 4% this morning as we're watching the dow industrials down about 60 points after a pretty good rally on their half day on friday. we're going to sift through the rest of the year. some selling for tax purpose bus i think we'll sit quiet as we wait to see w
scott mcgrew, quite the fad. >> reporter: it is a fad. it's a fad that will probably die out as quickly as it started. thousands of people are cutting and pasting legal notices in their facebook status declaring a copyright on their pictures and other things they post to facebook, saying facebook can't copy them or disseminate them. now, while the notification sounds official, it doesn't work for two reasons. first, when you sign up for facebook, you agree to certain terms of service. you...
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Nov 27, 2012
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let's check in with scott mcgrew, our business and tech guy. what's happening, scott? >> reporter: good morning to you. one of the things theilicon valley is talking about is the potential that yahoo!'s ceo, marissa mayer, is a serious candidate for the cover of this year's "time" magazine person of the year. you can actually vote for her online if you wish. here's the website from "time" magazine. your two options there are pretty extreme. you can vote definitely or no way. cnbc's bertha coombs does point out being person of the year can be a curse. amazon.com's stocks stalled after jeff bazel got the cover years ago. mayer has been ceo at yahoo! for four months now. yesterday yahoo! stock crossed $19 a share for the first time since 2010. nothing specific really driving that stock other than maybe an overall confidence in her leadership. that may be worth a few more dollars to the overall share price. the other stock to watch is facebook. facebook gained 8% monday after a leading analyst upgraded that stock. in an unrelated matter, facebook will reportedly consider r
let's check in with scott mcgrew, our business and tech guy. what's happening, scott? >> reporter: good morning to you. one of the things theilicon valley is talking about is the potential that yahoo!'s ceo, marissa mayer, is a serious candidate for the cover of this year's "time" magazine person of the year. you can actually vote for her online if you wish. here's the website from "time" magazine. your two options there are pretty extreme. you can vote definitely or...
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Nov 21, 2012
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we're joined by business and tech reporter scott mcgrew. hp stocks just started trading. >> just a couple seconds ago. it's down already 11 cents. it was down 12% yesterday. down about 1% this morning. also new this morning, the fbi is getting involved. this, according to bloomberg. this will be the second agency involved. yesterday, ceo meg whitman told nbc she has asked the sec to investigate after hp says it discovered deliberate accounting irregularities in its purchase of that british company autonomy. deliberate accounting irregularities -- that's a po lo polite way of saying they being couped the books. cooked the books. whitman was not ceo of the time of the deal, she was on the board, and in most cases, $8 billion goof would probably lead to resignations. but resignations and firings at hp are so common you could probably argue that's probably the last thing the company needs now. the company down about 1% in the first minute of trading. >>> we're also watching that weather. as holiday travel gets under way. we have a live look for
we're joined by business and tech reporter scott mcgrew. hp stocks just started trading. >> just a couple seconds ago. it's down already 11 cents. it was down 12% yesterday. down about 1% this morning. also new this morning, the fbi is getting involved. this, according to bloomberg. this will be the second agency involved. yesterday, ceo meg whitman told nbc she has asked the sec to investigate after hp says it discovered deliberate accounting irregularities in its purchase of that...
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Nov 7, 2012
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. >> scott mcgrew, silicon valley, would like to see some of that payback. >> pundits called this the atm. the president would come here for funds. so yes, silicon valley would like its recognition. one of high tech's top priorities, immigration reform. allowing more highly skilled, highly educated workers to come into america, california specifically. a little trivia for you. no company in california donated more money per employee than google. as a general rule, wall street supported the other guy. as i mentioned yesterday, anticipated, really, that mr. obama would be re-elected. so don't look for a whole lot of shockers on the market. next on the agenda, the fiscal cliff. we are 55 days away from that. a victory of sort for twitter this morning. the number of tweets went to the hundreds of thousands per minute. twitter stayed alive. president obama acknowledged his win on twitter even before the networks did. this all happened because of you he said. on our list of things not to worry about thisget ing busted for taking a picture of your ballot. in california, that's illegal. calif
. >> scott mcgrew, silicon valley, would like to see some of that payback. >> pundits called this the atm. the president would come here for funds. so yes, silicon valley would like its recognition. one of high tech's top priorities, immigration reform. allowing more highly skilled, highly educated workers to come into america, california specifically. a little trivia for you. no company in california donated more money per employee than google. as a general rule, wall street...
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Nov 28, 2012
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neither scott mcgrew nor i are meteorologists, but we figured today is probably not a great day to talk about solar power. but scott mcgrew says sunny skies are ahead for a bay area company. >> it's not just the skies that are misty this morning. so too is the market for ipos. yet the bay area's solar city hopes to jump into the ipo market next month. the company says it figures it can start selling shares around december 11th. it filed paperwork for the securities and exchange commission yesterday. now, it is company's run by this man, a south african immigrant named lyndon rye. interesting fellow. he sold cosmeticings in high school to make his first fortune. created a software company for his second fortune. his cousin is the head of tesla motor cars. now, solar has been a problem lately. remember, solyndra. you don't want to be in the solar panel or solar cell manufacturing business. that's a disaster. the chinese have a glut of solar powers out there. so the money is in the installation business or more importantly the tax business. there are great tax breaks if you put up solar pa
neither scott mcgrew nor i are meteorologists, but we figured today is probably not a great day to talk about solar power. but scott mcgrew says sunny skies are ahead for a bay area company. >> it's not just the skies that are misty this morning. so too is the market for ipos. yet the bay area's solar city hopes to jump into the ipo market next month. the company says it figures it can start selling shares around december 11th. it filed paperwork for the securities and exchange commission...
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Nov 5, 2012
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scott mcgrew says tesla is getting better at building its cars. >> reporter: good morning. tesla will make mohundreds of t model s sedans. when you consider they were making five cars a month, 100 is a lot. production lines will crank out 400 model s starting in december. it will be expensive. the company declaring losses, but tesla shares are up 4% this morning. >>> also, you have apple. apple says it sold 3 million ipads. we're not sure how many of those are the new mini that went on sale on friday. there is also an ipad 4 that went on sale on friday as well. 3 million is an astonishing number with the storm on the east coast. apple has the mini and ipad 4 and still selling theg<&iÑ ipadd the ipod touch. when you think about it, those are all the same product. back to you. >> they are, aren't they? the apple store is packed. i was there yesterday. >> how was it? >> it was great. >> christmas. >> you have to be good, though. >> that's going to be tough. >>> all right, christina loren, we know what is happening in the weather. >> good morning. the weather is spectacular. t
scott mcgrew says tesla is getting better at building its cars. >> reporter: good morning. tesla will make mohundreds of t model s sedans. when you consider they were making five cars a month, 100 is a lot. production lines will crank out 400 model s starting in december. it will be expensive. the company declaring losses, but tesla shares are up 4% this morning. >>> also, you have apple. apple says it sold 3 million ipads. we're not sure how many of those are the new mini that...
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Nov 2, 2012
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scott mcgrew has the latest on the numbers. >> the obama administration will seek to the gains and the romney will look at the unemployment. 171,000 added in the month of october. higher than expected. the other is the household survey. called that because it is arr e arrived at a set of phone calls stating, "are you working?" that is up from 7.8% in september. where the romney campaign will have traction is not that change month to month. it is comparing the unemployment rate now from when mr. obama took office. 7.8% on the day he took office and 7.9% now. that is literally no change over four years. president obama took office, really, at the worst possible moment in the economic crisis. the details tend to get lost in the political race. >>> thanks, scott. new this morning, the wait is over. the ipad mini hits store shelves this morning and people camped out for the new ipadre lea rele but not as many in the past. bob redell has more. >> reporter: about 50 people lined up in front of the apple store in los gatos this morning. a smaller line than the ones that have gone down the bloc
scott mcgrew has the latest on the numbers. >> the obama administration will seek to the gains and the romney will look at the unemployment. 171,000 added in the month of october. higher than expected. the other is the household survey. called that because it is arr e arrived at a set of phone calls stating, "are you working?" that is up from 7.8% in september. where the romney campaign will have traction is not that change month to month. it is comparing the unemployment rate...
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Nov 20, 2012
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according to scott mcgrew, it was the not just a mistake, but a disaster. you have had a couple of hours to digest it. how ugly is it? >> it will be talked about in business schools for years. it will be hard to imagine that if these allegations are true, there will not be some sort of criminal charges. during a routine financial flying, hp said the company it bought last fall deliberately hid how much profit and someone cooked the books. it is an incredibly serious allegation. hp has launched an investigation of what it calls forensic accounting and notified the u.s. government. >> we believe there is a willful effort on the part of autonomy management to mislead shareholders and mislead potential buyers, including hp. we stand by the review that we have seen. as you know, we have turned it over to the sec. the enforcement division of the sec and the fraud office in the u.k. >> the purchase occurred under a previous ceo, but whitman was on the board at the time and did vote in favor of the purchase. she puts the blame squarely on the former ceo, former aut
according to scott mcgrew, it was the not just a mistake, but a disaster. you have had a couple of hours to digest it. how ugly is it? >> it will be talked about in business schools for years. it will be hard to imagine that if these allegations are true, there will not be some sort of criminal charges. during a routine financial flying, hp said the company it bought last fall deliberately hid how much profit and someone cooked the books. it is an incredibly serious allegation. hp has...
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Nov 26, 2012
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. >> scott mcgrew joins us now. scott, cyber monday is really an old-fashioned term now. >> it really is. it dates back to the early 2000s. so the first day back to work after black friday became the biggest day of online shopping. these days, of course, you can buy something on your phone while waiting for a bus. that said, as you point out or as marla pointed out, half of all workers are expected to shop on the job today. so here's another interesting statistic for you. a blogger points out people are using their ipads to shop like never before. when it comes to tablets, ipads account for 80% of all online shopping. one of the most popular things to buy is the ipad. the bottom line here is this holiday, we are using our ipads to buy people ipads. >>> wall street keeping an eye on the numbers as well. let's turn to kayla at cnbc world headquarters. good morning, kayla. >> reporter: good morning, guys. we do have futures that are slightly lower after the markets come off their best week since early june. much of tha
. >> scott mcgrew joins us now. scott, cyber monday is really an old-fashioned term now. >> it really is. it dates back to the early 2000s. so the first day back to work after black friday became the biggest day of online shopping. these days, of course, you can buy something on your phone while waiting for a bus. that said, as you point out or as marla pointed out, half of all workers are expected to shop on the job today. so here's another interesting statistic for you. a blogger...
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Nov 19, 2012
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now, scott mcgrew joins us now. scott, mcafee talking to nbc this morning. >> reporter: he is. he talked to nbc. he talked to dateline's keith morrison by phone. he's also blogging this morning. mcafee said he actually watched that nbc crew filming police as they searched his home over the weekend. now that means mcafee is hiding within sight of his own house in belize. mcafee describing on the blog the disguises he uses, posing as a tamale salesman, he says, at times. other times as a drunk german tourist with a partially band e bandaged face and wearing speedo swimming trunks and a distasteful oversized hawaiian shirt and yelling loudly at anyone who would listen. on his blog this morning, mcafee said he has prewritten material to last past his arrest were that to come and he's arranged for someone else to keep posting for him. >>> back here at home, san jose' cisco systems bought a private networking company. they will pay $1.2 billion for the san francisco company. moracki, greek for doing something with passion. >>> passion for ruckus wireless. shares in the company starte
now, scott mcgrew joins us now. scott, mcafee talking to nbc this morning. >> reporter: he is. he talked to nbc. he talked to dateline's keith morrison by phone. he's also blogging this morning. mcafee said he actually watched that nbc crew filming police as they searched his home over the weekend. now that means mcafee is hiding within sight of his own house in belize. mcafee describing on the blog the disguises he uses, posing as a tamale salesman, he says, at times. other times as a...
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Nov 19, 2012
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scott mcgrew is here right now to bring us up to date. >> this morning, we told you how mcafee announced $25,000 belizian reward for the real killer. that is $25,000 u.s. mcafee moved to belize years ago. here you see his blog. one of the women in his blog hiding out with him. in a blog post a few hours ago, mcafee gives us his thoughts on romance. he says, i am not foolish enough to believe that many young woman could love a 67-year-old man. being loved does not interest me. loving does. mcafee has been hiding since the death of his neighbor. in that blog, he talks about a german tourist. back here at home, cisco systems bought private networking company maraki. cisco will pay $1.2 billion. maraki is greek. intel says the ceo paul ottelini will retire. no replacement has been named yet. and ac/dc finally on itunes. one of the last bands not on the apple music service. country star garth brooks is the last major holdout. you talk to teenagers who are the biggest music buyers and they left itunes in droves in favor of spotify. >> i still do the itunes thing. >> i don't do any of it. i'll
scott mcgrew is here right now to bring us up to date. >> this morning, we told you how mcafee announced $25,000 belizian reward for the real killer. that is $25,000 u.s. mcafee moved to belize years ago. here you see his blog. one of the women in his blog hiding out with him. in a blog post a few hours ago, mcafee gives us his thoughts on romance. he says, i am not foolish enough to believe that many young woman could love a 67-year-old man. being loved does not interest me. loving does....
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scott mcgrew, apple handing out some money? >> with no cheese on top. apple sits on $121 million in cash. it's going to hand out some of that in morning. if you bought apple stock no later than monday, you will get a check, $2.65 for every share you own. a total dividend of $2.5 billion coming out of cupertino this morning and into people's pockets. meanwhile, shares of facebook jumped almost 13% wednesday, the day the final lockup ended for facebook employees. you'd think shares would fall because 700 million more shares were suddenly available on the market. well, it turns out those employees didn't try to sell. they're holding on to stock. that's a good sign. investors bid the shares higher. >>> the broader indices are at a three-month low this morning. lots of pressure downwards. you've got greece, you've got the fiscal cliff. real concern also about an all-out war in the middle east. violence between hamas and israel continues. both sides are using social media this morning to make their case in ways that we've really never seen before. we're going
scott mcgrew, apple handing out some money? >> with no cheese on top. apple sits on $121 million in cash. it's going to hand out some of that in morning. if you bought apple stock no later than monday, you will get a check, $2.65 for every share you own. a total dividend of $2.5 billion coming out of cupertino this morning and into people's pockets. meanwhile, shares of facebook jumped almost 13% wednesday, the day the final lockup ended for facebook employees. you'd think shares would...
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Nov 5, 2012
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mcgrew, strong reaction to this one. >> for months now, john, bloggers and xroersd been talking about the show, we need to be totally straightforward of this on bravo, a sister network on nbc. the show, heavy on parties and bikinis, put the world in bad like. do like what jersey shore did for italian americans it doesn't take place in silicon valley it is centered around san francisco. that is where the creators had the red carpet gala last night. the executive producer of the show, randi zuckerberg, facebook founder's sister. it premiers tonight on bravo. >>> meanwhile, also a presidential election ahead, the markets are thinking about friday's jobs report. turn to jackie deangeles, live at cnbc world headquarters. good morning, jackie. >> good morning, scott. the futures, they are lower, the market is coming off a down week, the dow and the nasdaq ending in negative territory, not surprising it was the utility and energy stocks that were lagging in the wake of monday's super storm. also, stocks giving up early gains we saw on friday despite that better-than-expected jobs report you
mcgrew, strong reaction to this one. >> for months now, john, bloggers and xroersd been talking about the show, we need to be totally straightforward of this on bravo, a sister network on nbc. the show, heavy on parties and bikinis, put the world in bad like. do like what jersey shore did for italian americans it doesn't take place in silicon valley it is centered around san francisco. that is where the creators had the red carpet gala last night. the executive producer of the show, randi...
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Nov 12, 2012
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scott mcgrew has that. >> apple is working on the production of the iphone 5 s to replace the aging iphone 5. the tech blog points out the commercial time is not only dependable for manufacturing news, but there will be a new iphone eventually, so why not iphone 5 s? taking a look at the markets, apple is down again this morning. apple has struggled. it had an okay day on friday, but other than that, it has been tough on apple. the markets are staying fairly close to the break even point. a quiet day. they are open though it is veterans day. the swedish furniture retailer ikea has been accused of using german prisoners to build furniture back in the '80s. the documentary alleged it was common practice for european companies at the time. ikea has hired outside auditors to find out if the allegations are true. back to you. >>> scott, thanks so much. >> christina loren is back. we have cool temperatures and snow in some areas. a bit of everything. >> a little bit of everything. you call it a smorgasbord. a beautiful day shaping up. this is deceptive sunshine. we are headed to the mid-60s and
scott mcgrew has that. >> apple is working on the production of the iphone 5 s to replace the aging iphone 5. the tech blog points out the commercial time is not only dependable for manufacturing news, but there will be a new iphone eventually, so why not iphone 5 s? taking a look at the markets, apple is down again this morning. apple has struggled. it had an okay day on friday, but other than that, it has been tough on apple. the markets are staying fairly close to the break even point....
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Nov 21, 2012
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scott mcgrew updates us with the latest. >> good morning. it is the second american agency named in association with the palo alto company's shocking claims that it was fooled by bad numbers when it bought british autonomy. yesterday, meg whitman asked the sec to investigate after hp says it discovered deliberate accounting irregularities. deliberate accounting irregularities is they cooked the books. shares fell tuesday after the company lost between $5 billion and $8 billion in the deal. any other company and $8 billion goof would probably lead to resignations. those are so common at hp, that is the last things hp needs right now. back to you. >>> thank you, scott. >> turkey day is almost upon us. will we get rained on? let's check the forecast with meteorologist christina loren. >> the answer is no. we're done with the rain for a little while. we will start with the live picture of beautiful downtown san jose. you see the shadow over the mountains because the sun is out in full force. it will continue to break through the clouds as we hea
scott mcgrew updates us with the latest. >> good morning. it is the second american agency named in association with the palo alto company's shocking claims that it was fooled by bad numbers when it bought british autonomy. yesterday, meg whitman asked the sec to investigate after hp says it discovered deliberate accounting irregularities. deliberate accounting irregularities is they cooked the books. shares fell tuesday after the company lost between $5 billion and $8 billion in the...
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Nov 13, 2012
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scott mcgrew, practically as big as the iphone release. >> it really is. these franchises sell billions of dollars of product. the last call of duty became the best-selling thing in modern history. better selling than harry potter books. per unit it was better selling than the iphone. the interesting twist as gamers load this game into their xboxes, they're discovering one of the characters in the game is, wait for it, david petraeus. there's no indication that he actually participated in the making of the game, but he's in there. meanwhile, san jose's cisco systems will report profits after the bell as washington worries about the fiscal cliff. let's turn to seema mody live at cnbc world headquarters. >> reporter: good morning, guys. let's take a look at the markets. futures lower after stocks stalled out on monday. the markets appear to be treading water before budget talks begin on friday as the white house and congress try to reach a deal to avoid, as you called it, the fiscal cliff in january. we get the monthly federal budget statement this afternoon
scott mcgrew, practically as big as the iphone release. >> it really is. these franchises sell billions of dollars of product. the last call of duty became the best-selling thing in modern history. better selling than harry potter books. per unit it was better selling than the iphone. the interesting twist as gamers load this game into their xboxes, they're discovering one of the characters in the game is, wait for it, david petraeus. there's no indication that he actually participated in...
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Nov 16, 2012
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ruckus wireless ipo last night and scott mcgrew said the stock quickly sank. >> it certainly started well. here is video from 6:30 our time and they ring the opening bell on the opening stock exchange. the morning after they plummet $15 a share. now, the shares didn't start trading right away. it always takes some time for those first trades. when they did, it was less bell and more crickets as the price fell below the ipo price of $14 and change. that's the bad news. critics were quick to say perhaps the company should not have ipo'd with the concerns of the fiscal cliff. the first sale of stock happened last night when the investors paid ruckus the full $15 a share. that money that selena lo's company keeps every time after the stock trades on the new york stock exchange. that's a transaction between private individuals. ruckus sees none of that money. from a purely financial point of view, it doesn't matter to ruckus' bottom line the stock went down. obviously investors will not put up with it forever, but it was a successful ipo for ruckus. back to you. >> scott, thank you for th
ruckus wireless ipo last night and scott mcgrew said the stock quickly sank. >> it certainly started well. here is video from 6:30 our time and they ring the opening bell on the opening stock exchange. the morning after they plummet $15 a share. now, the shares didn't start trading right away. it always takes some time for those first trades. when they did, it was less bell and more crickets as the price fell below the ipo price of $14 and change. that's the bad news. critics were quick...
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Nov 5, 2012
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. >> scott mcgrew says not one but two new ipads actually went on sale friday. >> remember, the ipad 4 and the ipad mini. apple isn't saying how much of each, we are going to assume the bulk of the sales were the ipad mini. the little ipad, surprisingly successful. don't forget that 3 million number comes even as stores were closed down on the east coast because of the storm. ironically, apple shares have not actually done well very well, down 18% from their all-time high, down 20% considered a special benchmark. nothing special happens, but it is noteworthy. hey, you want a truly badly performing stock, i offer you groupon. the chicago-based company turned 1-year-old as a publicly traded company. groupon traded around $20 on this day. trade around $3.80, an all-time low today, down around 80%. >>> creator of the new reality show "startup silicon valley" had a red carpet gala in san francisco that is the executive produce ter, randi zuckerberg, facebook founder mark zuckerberg's sister. it premieres tonight on bravo. early reaction to the show has been muted among those who work in s
. >> scott mcgrew says not one but two new ipads actually went on sale friday. >> remember, the ipad 4 and the ipad mini. apple isn't saying how much of each, we are going to assume the bulk of the sales were the ipad mini. the little ipad, surprisingly successful. don't forget that 3 million number comes even as stores were closed down on the east coast because of the storm. ironically, apple shares have not actually done well very well, down 18% from their all-time high, down 20%...
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business and tech reporter scott mcgrew is all over the story and will let us know what's at stake just ahead. >>> plus a san jose marine survives a tour in afghanistan only to be shot and killed in his home state. the confrontation with police with deadly consequences just ahead. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! my bowl, my spoons! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who don't. multigrain cheerios has whole grain and 110 delicious calories. ...more grains. less you! multigrain cheerios in multi-grain cheerios peanut butter. woman: oh! tully's. how do you always have my favorite coffee? well, inside the brewer, there's a giant staircase. and the room is filled with all these different kinds of coffee and even hot cocoa. and you'll always find your favorite. woman #2: with so many choices, keurig has everyone's favorite. i just press this button. brew what you love, simply. keurig. >>> streets looking more like canals as water floods a daly city neighborhood. we have the invest
business and tech reporter scott mcgrew is all over the story and will let us know what's at stake just ahead. >>> plus a san jose marine survives a tour in afghanistan only to be shot and killed in his home state. the confrontation with police with deadly consequences just ahead. ♪ i'd like to thank eating right, whole grain, multigrain cheerios! my bowl, my spoons! mom, are those my jeans? [ female announcer ] people who choose more whole grain tend to weigh less than those who...
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scott mcgrew continues our coverage. >> reporter: good morning. this will be the last one and very important. these come to us at 5:30 our time from the labor department bright and early tomorrow morning. we will have them for you. we did get weekly unemployment claims today. they dropped slightly. that's a good sign. all of this data does not include hurricane sandy that just happened. "automobile" magazine named the tesla model s as its car of the year. this is is sedan, the big four-door. these are still very expensive cars. but a big honor for tesla from "automobile" magazine. back to you. >>> happening right now, union city is about to cut the ribbon on a new community centered around b.a.r.t. officials hope it will someday become the gateway to silicon valley. bob redell is there and has more. >> reporter: good morning. for years, union city has been taking land like this, developing land around here like industrial plots like this one here and turning it into that, what you're looking at right now, a brand-new community. in a few moments, t
scott mcgrew continues our coverage. >> reporter: good morning. this will be the last one and very important. these come to us at 5:30 our time from the labor department bright and early tomorrow morning. we will have them for you. we did get weekly unemployment claims today. they dropped slightly. that's a good sign. all of this data does not include hurricane sandy that just happened. "automobile" magazine named the tesla model s as its car of the year. this is is sedan, the...
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. >> scott mcgrew says with a poisoned pill. >> good morning, laura. poison pill, netflix isn't saying who the pill is for, but we know it is for carl icahn. bought out than less than 10% of the los gatos company. causing a huge shakeup or takeover. now if one person buys up a full 10%, special rules take effect creating more netflix stocks. this is a poisoned pill. it prevents a hostile takeover. remember, a company can create shares of itself as often as it wants. companies don't do this because creating more stock to lose the shares that are already out there make it worthwhile. if someone, say carl icahn is buying up your company, you can make more of your company for him to buy. it's a little like saying, all right, best of seven wins the world series and then when your opponent is up 3-0, you say, oh, the rules change. it's best of nine and when he's up 4 you change the rules. that's what netflix is doing. we'll continue to watch the markets this morning. pretty decent at predicting things. many investors concluded what is going to happen on elec
. >> scott mcgrew says with a poisoned pill. >> good morning, laura. poison pill, netflix isn't saying who the pill is for, but we know it is for carl icahn. bought out than less than 10% of the los gatos company. causing a huge shakeup or takeover. now if one person buys up a full 10%, special rules take effect creating more netflix stocks. this is a poisoned pill. it prevents a hostile takeover. remember, a company can create shares of itself as often as it wants. companies don't...
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Nov 18, 2012
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i'm scott mcgrew. at no time in human history have more people had more computers, in their pockets, purchases, cars and classrooms. you would think it would be a great time to be in the chips. but you would be wrong. chipmakers intel,&and m amd ands have warned investors. apple may sell a lot of devices but the chips inside your iphone are developed through an english company called arm leaving remaining companies to wrestle for scraps. marvel is eyeing television as an alternate market, a smart tv. the company recently announced a deal with lenovo. weili dei is the first and only co-founder of a chip company and studied computer science at cal berkeley and the first and only woman to give an engineering address. joining us from "forbes." you have to find things to put your chips in. you're running out of things, aren't you? >> well, the exciting piece is we are moving into the new era o of digital lifestyle. >> are the chips that run the digital lifestyle going to be marvell chips? >> i think marvell
i'm scott mcgrew. at no time in human history have more people had more computers, in their pockets, purchases, cars and classrooms. you would think it would be a great time to be in the chips. but you would be wrong. chipmakers intel,&and m amd ands have warned investors. apple may sell a lot of devices but the chips inside your iphone are developed through an english company called arm leaving remaining companies to wrestle for scraps. marvel is eyeing television as an alternate market, a...
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we asked scott mcgrew to take a look at the deals you might find online. >> good morning. amazon has a 55" panasonic on sale. this is a favorite of mine. it is roku. i recommend it. it brings netflix and hulu to your television. there are several web sites offering a deal on fisher price toys. half off in certain cases. toys r us or amazon. the term cyber monday, that is old fashioned. it dates way back to the early 2000s, when the only way anyone could get online was to do so from work. so the first day back to work after black friday became the biggest shopping day online. you can buy something on your iphone while waiting for a bus. retailers love an excuse to attract shoppers. this concept stuck. then with swisher points out that people using their ipad. ipads account for 80% of all online shopping. one popular thing to buy with your ipad is more ipads. bottom line, according to the information, we're using our ipads to buy ipads. back to you. >> scott, thanks. >>> all right. time to get a look at the full forecast with meteorologist christina loren. yes, the golden ga
we asked scott mcgrew to take a look at the deals you might find online. >> good morning. amazon has a 55" panasonic on sale. this is a favorite of mine. it is roku. i recommend it. it brings netflix and hulu to your television. there are several web sites offering a deal on fisher price toys. half off in certain cases. toys r us or amazon. the term cyber monday, that is old fashioned. it dates way back to the early 2000s, when the only way anyone could get online was to do so from...
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Nov 29, 2012
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where else can you get martian news but here with scott mcgrew. >> complete follow-up on monday morning too. by monday morning we might be wringing ourselves out, all the in coming our way, christina. >> yeah, it is going to be a few rough days back-to-back storm systems on the way to the bay area. right now we're getting a little bit of isolated shower activity to the north of the golden gate bridge. i can zoom in for you and show you for the most part the bulk of the moisture is still located just offshore in the northernmost portion of the state near eureka. as we head throughout the day it will arrive. that's going to bring your temperatures up into the 60s with a few breaks of sunshine before that storm system comes in. 64 inland, 62 bayside and at the coast. your full forecast in moments. let's check on that drive with mike. >> i told you the speeds were all right for the east shore freeway but the volume really building up so this will start to dip over the next 10 to 15 minutes. we're looking at the maps through the area. the approach to the bay bridge shows you what i just show
where else can you get martian news but here with scott mcgrew. >> complete follow-up on monday morning too. by monday morning we might be wringing ourselves out, all the in coming our way, christina. >> yeah, it is going to be a few rough days back-to-back storm systems on the way to the bay area. right now we're getting a little bit of isolated shower activity to the north of the golden gate bridge. i can zoom in for you and show you for the most part the bulk of the moisture is...
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scott mcgrew says it is a startling misstep for an organization that has been tech savvy until now. >> we were talking about how the israeli defense force was using twitter and youtube and facebook to generate support in ways that we had never seen before during war time. but this picture is doing just the opposite. this is idf spokesperson on facebook. he smeared his face with mud and he has written the caption "obama style." he has since taken his facebook pictures private. one commenter asked if it is appropriate to mock the president of the united states considering how much money the u.s. sends to israel. some context here. this picture was apparently taken at the dead sea some months ago and based on some comments, it's fairly common practice, apparently, to cake yourself with mud as a therapeutic practice. it is a reference to president obama that turns the critic from muddy to black face. black face is a practice, at least in america is racist. we are not talking about any israeli soldier. this is the spokesperson for the army. supposedly a social media expert. he is one of th
scott mcgrew says it is a startling misstep for an organization that has been tech savvy until now. >> we were talking about how the israeli defense force was using twitter and youtube and facebook to generate support in ways that we had never seen before during war time. but this picture is doing just the opposite. this is idf spokesperson on facebook. he smeared his face with mud and he has written the caption "obama style." he has since taken his facebook pictures private....
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scott mcgrew is here with that part of the story. >> good morning. the game is called "call of duty black ops 2." as you load this game into your x-box this morning, you are not waiting. you are discovering one of the characters in the game is indeed petraeus. now, there is no indication petraeus actually participated in the making of the game, but he is in there. we have some video here for you from last night. just before midnight, they are counting down. >> three, two, one. >> there they go. the franchises sell billions of dollars worth of products. the last "call of duty" eventually became the best selling object in modern history. we're talking outselling "harry potter" and the iphone. lots of people calling in sick this morning to play the latest game, "call of duty black ops 2." >> jon, i'm surprised you did not call in sick. >> i don't play those games. >>> the ski resorts will open early. heavenly will open tomorrow and kirkwood will open tomorrow. the sierra received more than 2 feet of snow. it is looking a lot like christmas. >> feels goo
scott mcgrew is here with that part of the story. >> good morning. the game is called "call of duty black ops 2." as you load this game into your x-box this morning, you are not waiting. you are discovering one of the characters in the game is indeed petraeus. now, there is no indication petraeus actually participated in the making of the game, but he is in there. we have some video here for you from last night. just before midnight, they are counting down. >> three, two,...
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scott mcgrew got on the silicon valley's name. >> president obama has met with many ceos, and while lots of ceos have experience and wisdom to lend him, got to see this in a bit of a political light as well. melissa meyer, for instance, is brilliant but probably knows very little about public policy. she's an engineer, so the president getting advice, but drumming up support among the powerful for his version of what we should do about the cliff. myers spoke in a fortune magazine clip last night. her secret, she says, is prioritizing, she referred to green bay packers vince lombardi's three priorities, god, family and the packers. >> for me, it's god, family and yahoo! in that order. >> why the packers comparison? meyer drew up in wasaw, wisconsin. >>> we go back to the summit on highway 17 and check in with bob redell with the wind conditions there. bob, luke soaked? >> reporter: yeah, it's slightly wet up here. we've got a break, that's one thing that chp is pointing out just because the rain has stopped, you know the roads are still wet. psychologic psychologically, the drivers think
scott mcgrew got on the silicon valley's name. >> president obama has met with many ceos, and while lots of ceos have experience and wisdom to lend him, got to see this in a bit of a political light as well. melissa meyer, for instance, is brilliant but probably knows very little about public policy. she's an engineer, so the president getting advice, but drumming up support among the powerful for his version of what we should do about the cliff. myers spoke in a fortune magazine clip...
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scott mcgrew, alarm this morning in palo alto. >> absolutely. good morning, laura. hewlett-packard said there are accounting irregularity the in the books of autonomy and hp will set aside billions of dollars to repair the damage. many said the purchase of the company was a mistake from the get-go. now there is evidence. hp said that autonomy's books may not have been correct. hp is going to take a nearly $9 billion charge on the error. the whole purchase was $11 billion. it is hard to think of anything worse this morning for hewlett-packard. we expected the company to say computer sales were sinking and they said that. we expected printer sales were sinking, and they said that. but that one of silicon valley's biggest and more storied companies would say there are $9 billion worth of errors in a company it bought for $11 billion, we did not see that coming. that is not going to go over well on wall street. shares in pretrading down 11%. this even after new ceo meg whitman warned the planned turn-around would take longer than she expected. a rare rally on the market
scott mcgrew, alarm this morning in palo alto. >> absolutely. good morning, laura. hewlett-packard said there are accounting irregularity the in the books of autonomy and hp will set aside billions of dollars to repair the damage. many said the purchase of the company was a mistake from the get-go. now there is evidence. hp said that autonomy's books may not have been correct. hp is going to take a nearly $9 billion charge on the error. the whole purchase was $11 billion. it is hard to...
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Nov 25, 2012
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i'm scott mcgrew. silicon valley seems like a big place but if you have worked here long enough you know a surprisingly small number of people are behind nearly everything. reed hoffman is one of those people. if you could examine just about any silicon valley start-up with a micro scope you would find hoffman's fingerprints. he made millions when ebay bought paypal. then he founded the business social network linkedin and made millions more as he took that company public. he's reinvested his wealth in nearly 100 new companies like facebook and game maker zynga. now he's giving a million dollars to kiva, allowing any new user to lend $25 of hoffman's money to an entrepreneur in the developing world. wired magazine said if facebook's mark zuckerberg represents silicon valley's world conquering hubris, reed hoffman is the more modest, searching soul. joined by becky worley, let's start with kiva. it's your millions but i decide where a little portion of it goes. >> we want to make sure people knew this w
i'm scott mcgrew. silicon valley seems like a big place but if you have worked here long enough you know a surprisingly small number of people are behind nearly everything. reed hoffman is one of those people. if you could examine just about any silicon valley start-up with a micro scope you would find hoffman's fingerprints. he made millions when ebay bought paypal. then he founded the business social network linkedin and made millions more as he took that company public. he's reinvested his...
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scott mcgrew, the word historic always relative. >> yeah. curiosity, we were told, was going to make history. but historic to nasa scientists can be sort of obscure news to the general public. so that historic gain more and more powers as it's bounced around the echo chamber of the internet. and lots of people got very excited. we'll know monday. but you can probably put away your welcome signs for the martians. >>> the u.s. economy grew 2.7% in the latest quarter, that's better than expected. cisco systems says it will buy a private company in sunnyvale for about $140 million. and the u.s. secretary of the interior said a short time ago he had made a decision the drake's bay oyster company has to leave point reyes within the next 90 days. the company's lease expired at the end of the month. the area will be returned to protected wilderness. >> sounds like it's hurting marla. >> well, joe rosato, jr. did a story on that earlier this wooeng week. >> he'll have more an that tonight at 6:00. >>> meteorologist christina loren, get ready for roun
scott mcgrew, the word historic always relative. >> yeah. curiosity, we were told, was going to make history. but historic to nasa scientists can be sort of obscure news to the general public. so that historic gain more and more powers as it's bounced around the echo chamber of the internet. and lots of people got very excited. we'll know monday. but you can probably put away your welcome signs for the martians. >>> the u.s. economy grew 2.7% in the latest quarter, that's better...
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Nov 11, 2012
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i'm scott mcgrew. thank you for making us part of your sunday morning.
i'm scott mcgrew. thank you for making us part of your sunday morning.
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Nov 8, 2012
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our scott mcgrew says they are still down a little bit. baa little bit of calm for investors just a bit. >> good morning. the dow industrials down another 60 points this morning. the nasdaq down as well. a day after the worst fall on wall street so far this year. and so much of that is that concern over the fiscal cliff that tracie potts talked about and the concern about the business of america going forward. meanwhile, 7,000 starbucks today will turn on new technology. it's from a company called san francisco square. you'll walk in to starbucks, order your drink wiand you'll p for it right off your iphone while your iphone is still in your pocket. no need to show them anything. in fact, jon and marla, they'll even know as you walk in your name because it's going to show up on the cash register. the iphone signal is going to tell them. they can start on your coffee before you get to the front of the line. this is, i think, going to spread to all kinds of different places where the idea of taking out your wallet or your purse will seem so
our scott mcgrew says they are still down a little bit. baa little bit of calm for investors just a bit. >> good morning. the dow industrials down another 60 points this morning. the nasdaq down as well. a day after the worst fall on wall street so far this year. and so much of that is that concern over the fiscal cliff that tracie potts talked about and the concern about the business of america going forward. meanwhile, 7,000 starbucks today will turn on new technology. it's from a...
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Nov 21, 2012
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scott mcgrew says the last full day for investors -- hewlett-packard stock. >> the latest implosion. the palo alto company shares fell 12% tuesday in very active trading to close at lows we haven't seen in a decade. this, a day after ceo meg whitman says hewlett-packard had been tricked when it bought british company autonomy last year. hp alleges autonomy lied about its financials. a charge one of the former officers at autonomy denies. a disaster big enough that in any other company it probably would have forced the ceo to step down. at hp, that's about the last thing the company needs. because ceos getting fired or stepping down is one of its biggest problems. laura mentioned a shortened trading week. no trading tomorrow because of thanksgiving. let's get a preholiday check from reporter live at cnbc headquarters. good morning. >> very good morning to you. stocks weakened after the fed chairman said the fed doesn't have tools available to offset the impact of the economy going over the fiscal cliff. the dow took a hit from hewlett which fell to a low after announcing it took a nea
scott mcgrew says the last full day for investors -- hewlett-packard stock. >> the latest implosion. the palo alto company shares fell 12% tuesday in very active trading to close at lows we haven't seen in a decade. this, a day after ceo meg whitman says hewlett-packard had been tricked when it bought british company autonomy last year. hp alleges autonomy lied about its financials. a charge one of the former officers at autonomy denies. a disaster big enough that in any other company it...
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Nov 7, 2012
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want to check in with scott mcgrew. he joins us in the newsroom. >> let's talk about measure e. good morning. really was sort of a shoo-ishoo. this was about the payroll tax. it had really no opposition. employers in the city had to pay the fee. the mayor famously suspended that tax for twitter to try to convince the company to stay in the city. measure e backed by an investor has been instrumental in the mayor's office. really changed the face of san francisco. mostly from a famously busy -- business unfriendly city to a place to make money. now, as you -- the employee tax replaced by a gross set tax. that is, you're no longer taxed on how many people you have, you're taxed on how much your business makes. if a tech company with lots of employees but little money to show for it like twitter, that's great for them. if you get lots of income, this may not be a big win for you on e. wall street generally greeting the election results with a shrug. the financial markets pretty good prediction really. that's why the futures markets exist after all. news agencies were playing the pre
want to check in with scott mcgrew. he joins us in the newsroom. >> let's talk about measure e. good morning. really was sort of a shoo-ishoo. this was about the payroll tax. it had really no opposition. employers in the city had to pay the fee. the mayor famously suspended that tax for twitter to try to convince the company to stay in the city. measure e backed by an investor has been instrumental in the mayor's office. really changed the face of san francisco. mostly from a famously...
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Nov 14, 2012
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scott mcgrew says that effort spearheaded by the bay area. >> yellen probably the third most powerful woman in the world. put him behind german chancellor merkel and secretary of state hillary clinton. most likely head of the fed when ben bernanke decides he has enough. she says the fed should be way more straightforward about how and when it raises or lowers interest rates. the fed should essentially come up with a employee chart or road map so investors can better anticipate changes. now, yellen made those comments in a speech in the east bay. these are big changes. the fed already more transparent than it used to be. it has press conferences. not that long ago under alan greenspan reporters were forced to analyze speeches like tea leaves, trying to figure out what greenspan meant. under bear they asked what did you mean by that? president will meet with ceos today second meeting about the fiscal cliff. yesterday mr. obama met with labor leaders. there are 48 days until the fiscal cliff. on a lighter night guys that make halo counted up all the cash and say they sold nearly a quarte
scott mcgrew says that effort spearheaded by the bay area. >> yellen probably the third most powerful woman in the world. put him behind german chancellor merkel and secretary of state hillary clinton. most likely head of the fed when ben bernanke decides he has enough. she says the fed should be way more straightforward about how and when it raises or lowers interest rates. the fed should essentially come up with a employee chart or road map so investors can better anticipate changes....
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Nov 8, 2012
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scott mcgrew, that doesn't mean free coffee. >> that's right, just new technology. 7,000 starbucks will turn on new technology developed by san francisco's square which will sense your iphone and charge you for your coffee amatutomaticall. so if you have the app on your phone and go in and order, the money is deducted from your account. in fact they'll already know your name when you walk into the store because your iphone signal will tell them. they can even start on your coffee before you get to the front of the line. and that's not all. apple says it's sending an update to siri so you can ask your iphone to buy you movie tickets. just say buy two tickets for the midnight showing at your iphone will jump on fandango and do just that. >>> donald trump has deleted some of his tweets this morning made shortly after president obama won a second term. tu trump, who has skirted the line between political pundit and carnival barker called for a march on washington and a revolution to stop mr. obama from taking office. he also claimed the president did not win the popular vote. he did. trump
scott mcgrew, that doesn't mean free coffee. >> that's right, just new technology. 7,000 starbucks will turn on new technology developed by san francisco's square which will sense your iphone and charge you for your coffee amatutomaticall. so if you have the app on your phone and go in and order, the money is deducted from your account. in fact they'll already know your name when you walk into the store because your iphone signal will tell them. they can even start on your coffee before...
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Nov 6, 2012
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although we're not encouraging it, scott mcgrew. >> you know the kids play these video games against each other on the internet over their x-boxes. so many people are expected to play this "halo 4" game today there is a measurable impact on the internet. a small, but significant number of bits of data moving back and forth today will be the data from video games and laser guns. "halo 3" is a billion dollar franchise and one of microsoft's most successful products. >>> in fact, one of the best jumps the company has ever seen after they announced ramped up production of its model s sedan going from making a few dozen a month to a planned 400 cars a month. the ceo says the company has turned the corner and the worst days is behind it. >>> should be a quiet day in general on wall street. election day usually is unless there is some kind of giant problem with voting, knock on wood. obviously, if governor romney wins, many changes in washington, but, really, that's true if mr. obama wins, as well. the secretary of the treasury has indicated he will move on after the election and often time
although we're not encouraging it, scott mcgrew. >> you know the kids play these video games against each other on the internet over their x-boxes. so many people are expected to play this "halo 4" game today there is a measurable impact on the internet. a small, but significant number of bits of data moving back and forth today will be the data from video games and laser guns. "halo 3" is a billion dollar franchise and one of microsoft's most successful products....
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Nov 12, 2012
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scott mcgrew says a regular day at work. >> a number of school systems have the day off today, your bank might be closed, not wall street. it hasn't recognized veterans day or the monday after as a holiday since the mid-'50s. it hasn't recognized presidents day or columbus day at all. we're waiting on a number of upcoming ipo. we mentioned last week rutgas wireless has announced it's going public. here's palo alto networks filing its ipo on the nyse. it's been courting silicon valley companies. back during the dot-com boom, the nasdaq was the one that brought in the new stocks to the public. one key was the new york stock exchange required companies it wanted to list to make a profit. you remember the dot-comes. the nyse has since dropped that requirement. back to you. >> thank you very much. >>> all right. it is 5:54 right now. we check back in with meteorologist christina loren, telling us it's going to be a little cool out but sunshine on the way. >> sunshine on the way, just the way you like it this time of year, right? if you like the rain, we've got that as well. we'll time that ou
scott mcgrew says a regular day at work. >> a number of school systems have the day off today, your bank might be closed, not wall street. it hasn't recognized veterans day or the monday after as a holiday since the mid-'50s. it hasn't recognized presidents day or columbus day at all. we're waiting on a number of upcoming ipo. we mentioned last week rutgas wireless has announced it's going public. here's palo alto networks filing its ipo on the nyse. it's been courting silicon valley...
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Nov 1, 2012
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scott mcgrew watching all bay area companies for us. >> good morning. yeah, facebook had a really tough time, particularly yesterday, down better than 4% after the company released the lockup on employee shares. just in the last few seconds, we watched facebook move to the positive, maybe about three cents there. i'll point out on the nyse this morning, it's movember, where men are supposed to grow mustaches in support of cures for testicular cancer. >>> big news coming out of los gatos this morning. billionaire carl icahn says he now owns about 10% of netflix. carl icahn is a corporate raider. that's the nice word for people who buy up shares in companies, hoping to quickly spin their investment into something bigger. in this case the suspicion is he will try to convince netflix board to sell the company to amazon.com or microsoft in order to cash out and make him more money. icahn says he simply thinks netflix shares were low enough to be worth buying. >>> banks and mortgage companies and credit counselors are in san jose this morning promising on the
scott mcgrew watching all bay area companies for us. >> good morning. yeah, facebook had a really tough time, particularly yesterday, down better than 4% after the company released the lockup on employee shares. just in the last few seconds, we watched facebook move to the positive, maybe about three cents there. i'll point out on the nyse this morning, it's movember, where men are supposed to grow mustaches in support of cures for testicular cancer. >>> big news coming out of...
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Nov 8, 2012
11/12
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we'll begin with business and tech reporter scott mcgrew live in our newsroom with a look at the overnight reaction from the global markets. >> good morning to you, laura. deep concern on the markets, whether these two can come to an agreement. we saw as jon mentioned the worst day on the dow so far this year on wednesday. we have a live look at the nasdaq marketplace this morning one day after the sell-off there. it brought many asian markets lower. the world turned. by the time the sun came back around and over to europe we had some hope. the greek parliament was able to hammer out its latest agreement. the british footsie closed higher in london. there's hope washington can get back to business after the long, bitter election and perhaps, laura an jon, that fiscal cliff can be avoided. >> scott, thank you very much. so the question is what exactly is this so-called fiscal cliff? and will president obama and congress be able to avoid it through some kind of compromise? for those answers and more, let's take it over to tracie potts. she is live on capitol hill this morning hopefully with
we'll begin with business and tech reporter scott mcgrew live in our newsroom with a look at the overnight reaction from the global markets. >> good morning to you, laura. deep concern on the markets, whether these two can come to an agreement. we saw as jon mentioned the worst day on the dow so far this year on wednesday. we have a live look at the nasdaq marketplace this morning one day after the sell-off there. it brought many asian markets lower. the world turned. by the time the sun...